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with the soldiers in it. palestinians and especially hamas in gaza seem to believe that when egypt was taken over by the muslim brotherhood, the muslim brotherhood who if you like are hamas' dig brother, they felt themselves safer under the protection of the muslim brotherhood in exwiptd, they felt safer. so they felt they were able to provoke to push israel and israel at the a serb point said enough is enough. yeah, you'd expect that you would think they would expect to get attacked. >> one more quick question. egypt recalling its ambassador, how serious a response is that? >> i think it's to be expected. israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some business here in the
would be between israel and iran. this has people paying attention. >> this is a test from egypt and the change in government and they're saying i think hamas is saying how much support are we going to get from them? this is a test of the new middle east and how much support they get and we'll see. morsi is in a difficult place because the egyptian economy is not doing well. they need tourism, it's fallen completely down. the moderate elements in egypt are saying let's get on the economy here and the radical elements are saying support hamas, and this is going to be a real test of his leadership. >> this is the sort of situation that makes you think twice about your forecast for where the dow heads if something were to expand from this? >> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselve
's affecting local flash points. >> let's go around the world, egypt, violence in the streets again today continuing protests after the president of egypt declared for himself a broad range of autocratic powers thursday night, the stock market in egypt opened yesterday, much of the middle east thursday is the end of their business week, the market plunged, a little bit of recovery today. speaking with sources in the banking sector they're worried whether or not the president says the powers are temporary whether he means it. >>> there's a euro group meeting today, they might eventually agree to give greece the money. the narrative stands that greece gets the money, they have to calm concerns about the imf. >>> spanish elections in the catolca catalonia win the regional elections. the stock market reacted a little bit, it would have been worse if the leader of the separatist movement had done better. let's move on to what i think is the most interesting story and could definitely affect a lot of investors who watch cnbc, argentina. during all the retail hubaloo, a federal judge in new york
from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good news is we won't hit the cliff at the end of the year. the bad news is we'll have uncertainty for nine months because we'll have to address the issue in the fall. is that a better outcome than if obama is in office? i don't know the answer. >> we need to bring people together. we need a uniter for that. we go to the regulatory wall that we talked about. we need somebody who understands the role of regulation in a capitalistic system. the president doesn't have the foggiest idea and he delegates that. >> it's more of the people he's given power to. >> because he doesn't have anything to bring to the party. he deleg
Search Results 0 to 3 of about 4